CoinDCX, a crypto exchange based in Mumbai, has secured $90M in a recent Series C funding round.
The round, which was led by B Capital Group, included contributions from Jump Capital, Polychain and Coinbase Ventures.
CoinDCX now has a valuation of $1.1B, making it the first Indian crypto company to achieve unicorn status. CEO Sumit Gupta has stated that the money will be used on new initiatives, such as partnerships with fintech platforms, the creation of a Research & Development facility, and discussions with governing bodies to improve crypto regulations and education.
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